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Posted on 6/3/24 at 8:27 am to Allthatfades
So DeepfrickingValue aka RoaringKitty began buying $20 calls expiring June 21 over last seven days and last night he pumped the stock?
Dude is going to jail.
Dude is going to jail.
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 6/3/24 at 8:31 am to stout
yes and no. Clearly it's market manipulation, but I think just revealing what your position is is legal market manipulation. Must be nice to enter into a position, post about it, and then have millions of people help you make your trade massively in the green!
Posted on 6/3/24 at 8:34 am to stout
So just revealing your position is market manipulation? Put every hedge fund manager in jail then
Posted on 6/3/24 at 8:40 am to Civildawg
quote:
So just revealing your position is market manipulation?
I think the tweets will come into question too if the SEC pursues him.
Remember @MrZackMorris on Twitter and that group? They were clearly a pump and dump (unlike Roaring Kitty who is still holding) but they used Twitter a lot to move positions. The difference is they were clearly scamming. I don't think Kitty is doing this to scam but his actions are deliberate and he knows what the outcome of any of his social media posts will be. It would be an interesting argument if the SEC pursued it.
Remember the former SEC chair was suggesting a few weeks ago that Kitty should be looked into. They will go after him to protect their hedge fund friends.
Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media
This post was edited on 6/3/24 at 8:43 am
Posted on 6/3/24 at 8:40 am to Venus Flytrap
quote:
The outrage from all of these Self Proclaimed "sophisticated" investors that babble about candlesticks, head & shoulders, etc. when people double their money in 1 day on a meme stock is fun to watch.
Some people get so mad when others make money in unconventional ways because “that’s not the right way to do it”
It is hilarious. It’s definitely more risky but scared money don’t make money
Posted on 6/3/24 at 8:48 am to GeneralLee
quote:
yes and no. Clearly it's market manipulation, but I think just revealing what your position is is legal market manipulation. Must be nice to enter into a position, post about it, and then have millions of people help you make your trade massively in the green!
Certainly a gray era, but there is plenty of precedent for using social media influence to trade stocks being deemed illegal.
If this RK/DFV fella actually trades today or this week, on a pump that was predictable and intentionally brought on by his social media posting, he will absolutely get busted. If he doesn't trade, he should be in the clear.
Posted on 6/3/24 at 9:01 am to stout
quote:
Dude is going to jail.
You really think this insanely rich dude (who is crazy smart) did not spend a few thousand bucks on legal counsel before executing his plan?
He spent $10,000 at least just on video editing on his twitter posts.
He is covered and has chosen his words (or lack thereof) very carefully.
Posted on 6/3/24 at 9:03 am to I Love Bama
Nah these dudes posting on TD all day definitely know better than Gill
This post was edited on 6/3/24 at 9:04 am
Posted on 6/3/24 at 9:16 am to stout
quote:
I think the tweets will come into question too if the SEC pursues him.
Remember @MrZackMorris on Twitter and that group? They were clearly a pump and dump (unlike Roaring Kitty who is still holding) but they used Twitter a lot to move positions. The difference is they were clearly scamming. I don't think Kitty is doing this to scam but his actions are deliberate and he knows what the outcome of any of his social media posts will be. It would be an interesting argument if the SEC pursued it.
Eight Men Indicted for $114 Million Securities Fraud Scheme Orchestrated Through Social Media
The case was dismissed. The one that took the plea deal before it started was the only one that got something.
This post was edited on 6/3/24 at 9:22 am
Posted on 6/3/24 at 9:35 am to deltaland
quote:
It is hilarious. It’s definitely more risky but scared money don’t make money
What does this mean?
Average investor in high risks investments lose money.
If someone posts a thread on MT pumping their bags its a good thing people call them out on their garbage.
Posted on 6/3/24 at 9:57 am to I Love Bama
quote:
You really think this insanely rich dude (who is crazy smart) did not spend a few thousand bucks on legal counsel before executing his plan?
How can you look at what happened last week and think any of that matters?
They will go after him even if they have a shite case. They don't like anyone rocking the system. The former head of the SEC already started going on news networks making the case to go after him. Its a rigged game no matter how much you think you have covered your tracks.
I am not saying I support them targeting him. Far from it, but its naive to think they are going to sit by and not try something.
Posted on 6/3/24 at 10:00 am to Hogkiller10
quote:
The case was dismissed
I am amazed it was. It seemed pretty clear to be a pump and dump and easy to prove. I haven't kept up with it since the arrests were made, though.
Posted on 6/3/24 at 10:03 am to IMJ127
quote:
Just do you, lil bitch.
You talk about their $2B in cash like they’ve got a track record of being a good steward of capital. They haven’t had an operating profit since 2019. The best thing that can do with that cash is collect 5% on it in short term treasuries so they can be “profitable”. That is the only reason they’re not losing money over the last 12 months.
Posted on 6/3/24 at 10:06 am to Allthatfades
Dude probably sold and profited 100mil+ this morning at open
Posted on 6/3/24 at 10:08 am to slackster
quote:
That is the only reason they’re not losing money over the last 12 months.
I went to one the other day to get a Switch game for my nephew. They didn't have it so they told me to go to another store across town. Just from what I saw their stores are showing all the signs of a slow death. Junk everywhere from that site they shut down ThinkGeek.com. Its obvious they had an overstock of the stuff from it so they filled their stores with it and can't give it away. There was more of that junk than there was video game stuff in both stores.
Also, isn't their cash on hand from issuing new stock during the surges?
Posted on 6/3/24 at 10:13 am to stout
quote:
Also, isn't their cash on hand from issuing new stock during the surges?
Yes.
Look, the company deserves credit for using these surges to get their balance sheet in better shape. Arguing otherwise would be dumb, so kudos to them.
That being said, they’ve shown no signs of putting that money to good use when they’ve used it. Some of the believers on here act like they’re Berkshire Hathaway with their cash.
Posted on 6/3/24 at 10:32 am to slackster
What that NFT market crash grab was not a good use of money???
I think at one point they had like 14 active users
My guess is they are working an AI project right now
I think at one point they had like 14 active users
My guess is they are working an AI project right now
Posted on 6/3/24 at 10:37 am to slackster
quote:
That being said, they’ve shown no signs of putting that money to good use when they’ve used it.
Should take that money and stick it in nvidia.
Posted on 6/3/24 at 10:49 am to Civildawg
quote:
So just revealing your position is market manipulation? Put every hedge fund manager in jail then
This is done daily on CNBC
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